Canada's unemployment rate rose to seven per cent in May, the highest it's been in nine years outside of the pandemic, Statistics Canada said on Friday.

The unemployment rate ticked up to 7% in May from 6.9% in April, a third consecutive monthly increase, Statistics Canada said, adding that the total of jobless people in May was almost 14% higher ...

OTTAWA (Reuters) -Canada's unemployment rate fell slightly to 6.9% in June as the wholesale and retail trade sectors as well as manufacturing, healthcare and social assistance all saw surprise job ...

Canada's employment rate, the proportion of the worker-age population that is employed, slipped 0.2 points to 60.9% in March to partially offset a 0.3 point rise seen between October and January.

Since February, Canada's unemployment rate has climbed 0.4 percentage point and as of May there were 1.6 million unemployed people, a rise of 13.8% on 12 months earlier.

However, Canada does face 6.9% unemployment, which exceeds the 4.1% rate in the U.S. That was still an outperformance as economists had expected an unemployment print of 7.1%.

The Bank of Canada will hold its overnight interest rate steady at 2.75% on July 30 for the third consecutive meeting thanks to a recent rise in inflation and a fall in unemployment, according to ...